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CryptoQuant Analyst: BTC Holding at High Levels Indicates Buyer Absorption of Selling Pressure, Potential Short Squeeze Could Act as Catalyst for Upside

By: theblockbeats.news|2025/07/25 07:42:09

BlockBeats News, July 25th, CryptoQuant analyst Axel posted on social media that currently, the Futures Net Position has plummeted to a deep negative value, breaking through the $100 million mark (hitting the highest bearish pressure level since early July).

Nevertheless, the Bitcoin price still holds around $115,000, indicating that buyers are partially absorbing the selling pressure. Such an extreme negative open interest divergence may become a catalyst for a short squeeze as the price continues to rebound. However, as long as the open interest remains in the maximum bearish pressure zone, the risk of further decline still exists.

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